Wall St. slides as trade war worries weigh
NEW YORK (Reuters) – U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies.
Kudlow says Trump to name him top White House economic adviser
WASHINGTON (Reuters) – U.S. television commentator and conservative economic analyst Larry Kudlow said on Wednesday that President Donald Trump had picked him to replace Gary Cohn as the top White House economic adviser.
Chipotle marketing chief resigns days after new CEO takes charge
(Reuters) – Chipotle Mexican Grill Inc’s chief marketing and strategy officer has resigned, the company said on Wednesday, just nine days after former Taco Bell head Brian Niccol took the helm at the troubled U.S. burrito chain.
Disney creates streaming video unit for digital future
LOS ANGELES (Reuters) – Walt Disney Co said on Wednesday it had created a new unit for its streaming video and international businesses as the company retools its traditional media operation for a world rapidly embracing online video.
U.S. retail sales falter; inflation creeping higher
WASHINGTON (Reuters) – U.S. retail sales fell for a third straight month in February as households cut back on purchases of motor vehicles and other big-ticket items, prompting analysts to downgrade their first-quarter economic growth forecasts.
Exclusive: Vivendi ready to support other investor-backed strategy at Telecom Italia to boost share price
MILAN (Reuters) – Telecom Italia’s main shareholder Vivendi believes in the phone company’s new strategic plan but is ready to consider any move supported by shareholders to boost its share price, a Vivendi spokesman told Reuters on Monday.
Dow slides as trade war worries weigh on industrials
(Reuters) – The Dow Jones Industrial Average fell more than 250 points, or 1 percent, on Wednesday as industrial stocks tumbled over growing fears of a trade war with China after President Donald Trump sought to impose fresh tariffs.
Bitcoin exchange reaches deal with Barclays for UK transactions
LONDON (Reuters) – One of the biggest bitcoin exchanges has struck a rare deal which will allow it to open a bank account with Britain’s Barclays , making it easier for UK customers of the exchange to buy and sell cryptocurrencies, the UK boss of the e…
Disney reorganizes businesses, creates direct-to-consumer unit
LOS ANGELES (Reuters) – Walt Disney Co announced a reorganization on Wednesday that will create a new direct-to-consumer and international unit as the entertainment company adapts to a rapid shift toward online and mobile viewing.
Theranos and its founder settle U.S. fraud charges: SEC
WASHINGTON (Reuters) – Embattled blood-testing company Theranos Inc and its Chief Executive Elizabeth Holmes agreed to settle “massive fraud” charges in a deal that strips her of majority control among other penalties, U.S. regulators said on Wednesday…
